The gift exchange motive suggests that
A) workers value benefits like health insurance more than job security.
B) workers prefer a nice work environment, even if they must accept lower wages.
C) workers who feel well treated will work harder and more efficiently.
D) workers will shirk if they are paid a low wage.
C
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When the Fed buys government securities in the open market, the money supply ________ because ________
A) decreases; banks lose liquidity, they make fewer loans and checking account deposits decrease B) increases; banks gain liquidity, they make more loans and checking account deposits increase C) increases; banks lose liquidity, they make more loans and checking account deposits increase D) decreases; banks gain liquidity, they make fewer loans and checking account deposits decrease E) none of the above
Wanda Rumble promotes boxing matches. She makes $6,500 per fight. Which cost is most relevant to a decision as to whether to promote one more fight?
a. the total cost of promoting all boxing matches during the year b. the marginal cost of promoting one additional boxing match c. the average fixed cost of promoting a boxing match d. the average total cost of promoting a boxing match
Consider the following regression equation: 
. What does 
imply?
A. 
measures the ceteris paribus effect of 
on 
.
B. 
measures the ceteris paribus effect of 
on 
.
C. 
measures the ceteris paribus effect of 
on 
.
D. 
measures the ceteris paribus effect of 
on 
.
The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, the domestic quantity demanded will be ________ and quantity supplied will be ________.
A. 6,000; 4,000 B. 6,500; 3,000 C. 5,000; 5,000 D. 6,500; 4,500